Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.98970914 |
details, prediction |
TRON
TRX
|
0.98396504 |
details, prediction |
Bitcoin
BTC
|
0.93563074 |
details, prediction |
Monero
XMR
|
0.9260909 |
details, prediction |
Ethereum Classic
ETC
|
0.8562105 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.9862003 |
details, prediction |
FTX Token
FTT
|
0.9835622 |
details, prediction |
Telcoin
TEL
|
0.9626425 |
details, prediction |
DASH
DASH
|
0.9570648 |
details, prediction |
Theta
THETA
|
0.95573837 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.9950191 |
details, prediction |
V Systems
VSYS
|
0.9917787 |
details, prediction |
Ontology
ONT
|
0.98409665 |
details, prediction |
NKN
NKN
|
0.95909315 |
details, prediction |
Constellation
DAG
|
0.95747036 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that UNUS SED LEO price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of UNUS SED LEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.9910575 |
details, prediction |
Crypto.com Chain
CRO
|
-0.95033574 |
details, prediction |
Stellar
XLM
|
-0.94763607 |
details, prediction |
Cardano
ADA
|
-0.885029 |
details, prediction |
Litecoin
LTC
|
-0.7864225 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.99834126 |
details, prediction |
Ardor
ARDR
|
-0.9981631 |
details, prediction |
Decred
DCR
|
-0.99763775 |
details, prediction |
DigiByte
DGB
|
-0.9960063 |
details, prediction |
Theta Fuel
TFUEL
|
-0.99532557 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
-0.998908 |
details, prediction |
SysCoin
SYS
|
-0.9977459 |
details, prediction |
PIVX
PIVX
|
-0.9889115 |
details, prediction |
Elastos
ELA
|
-0.9863611 |
details, prediction |
ARK
ARK
|
-0.98159415 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)